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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 26 $ 1,844
Adjustments to reconcile net income to net cash provided by operating activities:    
Investment securities amortization, net 370 295
Federal Home Loan Bank stock dividends (6) (4)
Amortization of prepayment penalties on debt restructuring 135 135
Provision for (reversal of) loan losses (375) (286)
Net loss (gain) on disposals and sales of premises and equipment 77 (25)
Increase in cash surrender value of bank-owned life insurance (216) (67)
Stock-based compensation 259  
Depreciation of premises and equipment 343 308
Net writedowns and losses (gains) on the sale of foreclosed assets (29) 59
Deferred income tax expense (benefit) 58 (24)
(Increase) decrease in other assets (112) (263)
Increase (decrease) in other liabilities (154) 535
Net cash provided by operating activities 376 2,507
Activity in available-for-sale securities:    
Proceeds from maturities, calls, and paydowns 8,547 5,967
Purchases (10,900) (35,672)
Activity in held-to-maturity securities:    
Proceeds from maturities and calls   4,000
Net (increase) decrease in loans 54 14,791
Proceeds from sale of foreclosed assets 39 156
Purchases of premises and equipment (235) (1,477)
Proceeds from sale of premises and equipment   25
Purchase of bank-owned life insurance (10,000)  
Net cash used in investing activities (12,495) (12,210)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 7,432 84,862
Net cash provided by financing activities 7,432 84,862
NET CHANGE IN CASH AND CASH EQUIVALENTS (4,687) 75,159
CASH AND CASH EQUIVALENTS, beginning of period 40,884 25,245
CASH AND CASH EQUIVALENTS, end of period 36,197 100,404
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING ACTIVITIES    
Loans originated to facilitate the sale of real estate owned   82
Acquisition of real estate in settlement of loans 10 215
SUPPLEMENTAL SCHEDULE OF INTEREST AND TAXES PAID    
Cash paid for interest 345 502
Cash paid for income taxes $ 243 $ 82